+
Govt gets 5 proposals worth Rs 1.53 lakh cr for chip, display units
ROADS & HIGHWAYS

Govt gets 5 proposals worth Rs 1.53 lakh cr for chip, display units

According to a statement, the central government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore.

The Ministry of Electronics and IT said Companies like Vedanta Foxconn JV, IGSS Ventures and ISMC had proposed to set up electronic chip manufacturing plants with an investment of $13.6 billion and sought the support of $5.6 billion from the government under the Rs 76,000 crore Semicon India Programme.

Vedanta and Elest have proposed to set up a display manufacturing plant with an investment of $6.7 billion and sought the support of $2.7 billion from the government under the scheme for setting up Display Fabs across India.

SPEL Semiconductor, HCL Technologies, Syrma Technology and Valenkani Electronics have registered for semiconductor packaging, and Ruttonsha International Rectifier has registered for compound semiconductors.

Other companies, including Terminus Circuits, Trispace Technologies and Curie Microelectronics, have submitted applications under the Design Linked Incentive Scheme.

Image Source

Also read: Vedanta partners with Foxconn to produce semiconductors in India

According to a statement, the central government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore. The Ministry of Electronics and IT said Companies like Vedanta Foxconn JV, IGSS Ventures and ISMC had proposed to set up electronic chip manufacturing plants with an investment of $13.6 billion and sought the support of $5.6 billion from the government under the Rs 76,000 crore Semicon India Programme. Vedanta and Elest have proposed to set up a display manufacturing plant with an investment of $6.7 billion and sought the support of $2.7 billion from the government under the scheme for setting up Display Fabs across India. SPEL Semiconductor, HCL Technologies, Syrma Technology and Valenkani Electronics have registered for semiconductor packaging, and Ruttonsha International Rectifier has registered for compound semiconductors. Other companies, including Terminus Circuits, Trispace Technologies and Curie Microelectronics, have submitted applications under the Design Linked Incentive Scheme. Image Source Also read: Vedanta partners with Foxconn to produce semiconductors in India

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code